Money in Latvia
Latvia - Money
Growth slumped to an over two-year low in the first quarter, on feebler domestic demand. Weaker household consumption and cooling public spending curbed total consumption growth in Q1, while fixed investment growth more than halved from the previous quarter. On a more positive note, the external sector cushioned the slowdown somewhat, largely thanks to solid goods exports growth. Turning to the second quarter, growth appears to have remained relatively soft. Economic sentiment slid to an over two-year low in May on weaker confidence in all surveyed sectors except industry. Furthermore, merchandise exports growth slowed considerably in April, suggesting that weaker demand conditions are taking its toll on the external sector.Latvia - Money Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Money (annual variation in %) | 8.0 | 11.8 | 13.9 | 7.4 | 5.9 |
Latvia Money Chart
Source: Bank of Latvia and FocusEconomics calculations.
Latvia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.55 | 0.0 % | Jun 30 |
| Exchange Rate | 1.13 | 0.65 % | Jul 11 |
| Stock Market | 1,024 | 0.17 % | Jul 11 |
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Economic News
Latvia: Inflation moderates in June
July 15, 2019
Consumer prices rose 0.4% from the previous month in June, up from May’s 0.2% increase.
Latvia: Industrial output rebounds in May
July 4, 2019
Industrial output rose 1.7% in working day-adjusted year-on-year terms in May, contrasting April’s 2.4% contraction.
Latvia: Industrial output tumbles in April
June 4, 2019
Industrial output dipped 2.4% in working day-adjusted year-on-year terms in April, contrasting March’s 1.5% increase.
Latvia: Growth sinks to an over two-year low in Q1
May 31, 2019
A second reading of national accounts data revealed that the economy grew at a slightly faster pace than previously estimated in the first quarter of the year.
Latvia: Industrial output rebounds in March
May 7, 2019
Industrial output increased 1.5% in working day-adjusted year-on-year terms in March, contrasting February’s 3.2% fall, which had marked the worst result in over five years.
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